Beluga Corp Beluga Actually Produced 330,000 Units at 75% of Capacity and Operating

question 212

Essay

Beluga Corp. has developed standard costs based on a predicted operating level of 352,000 units of production, which is 80% of capacity. Variable overhead is $281,600 at this level of activity, or $0.80 per unit. Fixed overhead is $440,000. The standard costs per unit are:
$$\begin{array} { | l | r | } \hline \text { Direct materials (0.51bs. @\$1/1b.)..... } & \$ 0.50 \text { per unit } \\\hline \text { Direct labor (1hour@\$6hour) ........ } & \$ 6.00 \text { per unit } \\\hline \text { Overhead (1hour@ } \$ 2.05 / \text { hour)........ } & \$ 2.05 \text { per unit } \\\hline\end{array}$$ Beluga actually produced 330,000 units at 75% of capacity and actual costs for the period were:
Calculate the following variances and indicate whether each variance is favorable or unfavorable:
(1) Direct labor efficiency variance: $________
(2) Direct materials price variance: $________
(3) Controllable overhead variance: $________

Identify and describe different forecasting methods, including their advantages and disadvantages.

Understand biophysical and psychodynamic explanations of behavior.

Identify and describe the stages of psychosexual development.

Recognize and explain psychological defense mechanisms and their examples.

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Definitions:

Discount Date

A specified date when a discount is applied to a payment, reducing the amount owed if payment is made by this date.

Freight

The transportation of goods by truck, train, ship, or aircraft, often involving large quantities of products over distances.

Cash Discount

A reduction in the price of goods or services offered by the seller to the buyer for immediate payment or payment within a specified time frame.

Partial Payment

A payment made that is less than the total amount due for a bill or debt.